We own mineral rights in Montague County, Texas and have been sent a leasing contract. This property is shared by two siblings. As a total newbie to this process, I am wondering many things. What is considered a good royalty for a leasing contract? Bonus per acre? Where can I find a lawyer who understands these leases and knows what is a good lease in Texas and what is a lease to run like hell from? We are told everyone around this property has signed. We are the last ones who haven’t signed a lease because they couldn’t find us. There is an oil pumping rig sitting across the street which has been idle for many years, and one and a half blocks away. Can anyone give me some insight into these questions? Thank you.
Pat:
You might want to post this under “County Groups”; click on “Groups” above, scroll to Texas, scroll to Montague County. These are individuals who have interests in the Montague County area.
Ok I just did that—thank you!